Welcome to Filingpoint MOA Object change in legal Expert +91 72999 72500
Filingpoint Memorandum of Association (MoA) is the charter for company principals, objective and goals and works as a foundation document for all types of business. The MoA also defines the scope of activities that a business can undertake. If a business venture expands beyond what has been mentioned in its MoA, it requires alteration of the MoA objects clause.
Objects Clause – The clause mentions the areas of operation of the proposed company (its sphere of activity) including main objects and those that are ancillary to them. A Company cannot undertake activities that are not mentioned in its MoA or is outside the scope of its Objects Clause (Doctrine of Ultra Vires).
The Main Object clause also mentions whether the liability of the members is limited or unlimited and the registered capital of the Company, which can be altered only by obtaining consent of shareholders through a Special Resolution. The Registrar of the Company then registers the amendment and certifies its registration within 30 days of receipt of the Special Resolution.
The MoA is drafted by the promoters of the Company during the incorporation process and holds legal validity. It's important to ensure that the contents of the MOA are accurate and compliant with the laws of the jurisdiction in which the company is incorporated. For this reason, it's best to consult legal professionals or business advisors familiar with company law in the relevant jurisdiction before drafting and executing any amendments to the MOA.
Contact Filingpoint MOA Object Change Expert +91 72999 72500
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